Director Samskriti King granted 5,857 PRGS deferred stock units for 2026 service

Rhea-AI Filing Summary

King Samskriti reported acquisition or exercise transactions in this Form 4 filing.

Progress Software director Samskriti King received an equity award of 5,857 deferred stock units of common stock at a reference price of $38.42 per unit as the fiscal 2026 equity retainer for board service. These units vest on the date of the Company’s 2027 Annual Meeting of Stockholders, subject to continued board service, and are payable one-for-one in common stock upon a change in control or when the director leaves the board. Following this award, King directly holds 51,116 shares/units linked to Progress Software common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider King Samskriti

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,857	$38.42	$225K

Holdings After Transaction: Common Stock — 51,116 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Deferred stock units granted: 5,857 units Grant reference price: $38.42 per unit Total holdings after transaction: 51,116 shares/units +2 more

5 metrics

Deferred stock units granted 5,857 units Fiscal 2026 equity retainer for director service

Grant reference price $38.42 per unit Transaction price per share for the award

Total holdings after transaction 51,116 shares/units Direct ownership following the reported grant

Vesting event 2027 Annual Meeting of Stockholders Units vest on meeting date with continued service

Payout triggers Change in control or board departure Deferred units payable in common stock upon these events

Key Terms

deferred stock units, equity retainer, Director Compensation Plan, 2008 Stock Option and Incentive Plan, +2 more

6 terms

deferred stock units financial

"Represents deferred stock units issued to the Reporting Person by Progress Software Corporation"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

equity retainer financial

"as the fiscal year 2026 equity retainer for the Reporting Person's services as a director"

Director Compensation Plan financial

"issued in accordance with the Company's Director Compensation Plan pursuant to the Company's 2008 Stock Option and Incentive Plan"

2008 Stock Option and Incentive Plan financial

"pursuant to the Company's 2008 Stock Option and Incentive Plan and are payable on a one-for-one basis"

change in control financial

"payable on a one-for-one basis exclusively in common stock on the earlier of a change in control of the Company"

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

Annual Meeting of Stockholders financial

"will vest on the date of the Company's 2027 Annual Meeting of Stockholders"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 04:14 PM Accepted by SEC EDGAR 07/06/2026 - 04:14 PM Learn about SEC filing dates

FAQ

What did Progress Software (PRGS) director Samskriti King receive in this Form 4?

Director Samskriti King received 5,857 deferred stock units tied to Progress Software common stock as a fiscal 2026 equity retainer for board service, issued under the company’s Director Compensation Plan and 2008 Stock Option and Incentive Plan.

How and when do Samskriti King’s new PRGS deferred stock units vest?

The 5,857 deferred stock units will vest on the date of Progress Software’s 2027 Annual Meeting of Stockholders, provided Samskriti King continues serving on the company’s board of directors through that meeting date.

When will Samskriti King actually receive PRGS common shares from these units?

The deferred stock units are payable one-for-one in common stock on the earlier of a change in control of Progress Software or the date Samskriti King terminates service on the board of directors.

What is Samskriti King’s Progress Software (PRGS) holding after this grant?

After this equity award, Samskriti King directly holds 51,116 shares/units linked to Progress Software common stock, according to the Form 4, reflecting total direct ownership following the reported transaction.

At what price were Samskriti King’s PRGS deferred stock units valued in the grant?

The 5,857 deferred stock units were granted at a reference price of $38.42 per unit, which is shown as the transaction price per share for the common stock tied to the award in the Form 4.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

King Samskriti

(Last) (First) (Middle)

C/O PROGRESS SOFTWARE CORPORATION

15 WAYSIDE ROAD, SUITE 400

(Street)

BURLINGTON MASSACHUSETTS 01803

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PROGRESS SOFTWARE CORP /MA [ PRGS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/02/2026		A		5,857(1)	A	$38.42	51,116	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents deferred stock units issued to the Reporting Person by Progress Software Corporation (the "Company") as the fiscal year 2026 equity retainer for the Reporting Person's services as a director of the Company during such period. These deferred stock units were issued in accordance with the Company's Director Compensation Plan pursuant to the Company's 2008 Stock Option and Incentive Plan and are payable on a one-for-one basis exclusively in common stock on the earlier of a change in control of the Company or the date the Reporting Person terminates service on the board of directors of the Company (the "Board of Directors"). The deferred stock units will vest on the date of the Company's 2027 Annual Meeting of Stockholders, subject to the Reporting Person's continued service on the Board of Directors until such date.

Remarks:

	Anthony Folger, Attorney-in-Fact	07/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)